MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

Employment Insurance Rises In May After Stable Trend, Up 14% YOY

MNI: US JUL PHILADELPHIA FED MFG INDEX 13.9

MNI: US JOBLESS CLAIMS +20K TO 243K IN JUL 13 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SURE long 7/30y syndication preview

EUROZONE ISSUANCE

The EU has issued a mandate for a long 7-year and 30-year bond, to take place in the near future. Our base case is for a transaction today (in line with the first three transactions that took place on a Tuesday).

  • The first SURE transaction saw 10/20-year issuance, the second 5/30-year issuance and the third 15-year issuance. This week's transaction will launch a new long 7-year Jun-28 bond and re-open the 0.30% Nov-50 bond.
  • On the past transactions, books opened at 7:55-8:00 UK time / 8:55-9:00CET.
  • Booked closed at 9:00UK/10:00CET for the first tranche and at 9:30UK/10:30CET for the second and third transactions.
  • Pricing for the first tranche was confirmed at 15:25, for the second tranche at 16:14/16:15 and for the third tranche at 16:04 (all times are UK).
  • JLMs will be Barclays, Commerzbank, Deutsche Bank, Goldman Sachs and LBBW.
  • The EU looks to issue E30-35bln of SURE bonds in Q1.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.